“It’s not just ‘stablecoins’. It’s stablecoins, stablecoin equivalents, and stablecoin adjacents.”

The crypto industry has no shortage of jargon. Even the most well-informed industry participants are regularly faced with having to decipher new terminology. Yet despite what seems to be a collective quest to provide “novel” labels to each new aspect of crypto, the word “stablecoin” gets used as a catch-all for a swath of products that may or may not look like one another under the hood.